Project Procurement Contract and Suggest Improvements
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Week 5 – Assignment: Analyze a Project Procurement Contract and Suggest Improvements Hide Folder Information Turnitin Turnitin enabledThis assignment will be submitted to Turnitin. Instructions Locate and read a project procurement contract in your company. Assess the following elements: How are the parties identified? What is the purpose of the contract? Are there any stated assumptions or restrictions? How is the work described? What are the deliverables and when are they due? What is the pricing model, payment schedule and payment terms? What are the duties and rights of each party? What are the terms and conditions: Liability and indemnification clauses Ownership of intellectual property Disclaimers Other terms and conditions? Once you have a clear understanding of the contract, explain the above elements in a paper and include an analysis of potential legal and ethical problems that could arise from this contract in case of vendor neglect, project delays, or other circumstances that will require changes to scope, deliverables, schedule, or budget. Explain how the contract might be improved to reduce risks of loss to your company from this contract. Provide an example of how the suggested improvements would work. Support your paper with minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 4 pages not including title and reference pages Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy. Week 6 – Assignment 1: Apply Ethical Theory to the Procurement Selection Process Hide Folder Information Turnitin Turnitin enabledThis assignment will be submitted to Turnitin. Instructions Imagine you are the project manager for an aerospace company, tasked with selecting a vendor for mission-critical airplane surveillance systems software. Your final three candidates all meet the specified requirements in the SOW that accompanied the request for bid, in a comparable fashion. The three vendor choices are: Vendor 1: The go-to vendor for this type of software for your company. Your company has had many contracts with this firm but the bid is the most expensive of the three. Also, the last project your company completed with vendor 1 showed some serious issues with the quality and timeline of deliverables. Still, your VP is putting pressure on you to select Vendor #1; and you are well aware your VP is a board member of this firm. You are concerned you may lose your job if you do not select Vendor #1. Vendor 2: The lowest cost bid but your company has no prior experience working with this vendor. Your CFO has recently told all project managers that the lowest bidder should always win the contract because your company needs to implement tighter cost control measures. You are concerned Vendor #2 may try to adjust the final price through change requests or negotiations of contract terms and requirements as soon as the project starts. You have heard from one of your PMI colleagues in the aerospace industry that Vendor #2 is notorious for using this tactic to win contracts. Vendor 3: This vendor has many contracts with your competitor. Your project sponsor is eager to collect information on that competitor and thinks entering into a contract with Vendor #3 will allow you to obtain valuable, insider competitor information. You recently ran into a project manager from Vendor #3 at a software conference and she indicated that her company might be willing to share certain pieces of competitor technical information if it is awarded the work. You are not sure you understood this correctly, however, but think you may be able to collect a substantial bonus if you have access to such inside information. You could use the extra money, as you have three children in college. Select three ethical theories as the basis for this assignment (review the Brown University (2013) web article for ideas). Create a table in MS Word, in which you compare the three vendors, based on each of the selected ethical theories/frameworks. You may make additional assumptions as needed, as long as these assumptions are stated clearly. Present your table along with a justified vendor selection decision, based on your analysis, in MS Word. Be sure to explain how the ethical theories informed your decision, the key selection considerations you included, and the potential ramifications of your final vendor selection decision. Support your paper with minimum of three (3) resources. Length: 2 pages not including title and reference pages Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.
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